Frequently Asked Questions
How do you communicate with clients?
We make ourselves open to communication methods preferred by the client. To reach out to us either click the contact link here or call the office. How do we meet with clients? We will still offer traditional face-to-face meetings but more and more clients prefer talking virtually using software such as Microsoft Teams. By communicating virtually they can easily be joined remotely by family members, accountants or other advisors. We’re happy to meet with you in the way you find most convenient so please let us know what you prefer.
How well qualified are your planners and paraplanners?
All our Independent Financial Advisors, Head of Clients Services, Senior Financial Planners, Mortgage Brokers and Paraplanners and regulated and qualified to give you the best advice and guidance. For complete certainty and peace of mind, they have the continuous CPD (Continuous Personal Development) required to maintain their knowledge.
From being qualified with the Chartered Insurance Institute in:
Qualified IFA’s regulated by the FCA
Diplomas in Financial Planning and Certificates in Mortgage Advice
CeMAP qualified Mortgage Brokers
Qualified Paraplanners
You can be assured that you are in safe hands
How much money will I need to build up for retirement?
We all have different expectations for our retirement. When we first meet we will speak about your current position, your funds, and your income and guide you to what you want to achieve, to maximise what you have and where you want to be.
How can tax planning maximise my allowance and help business owners?
We work with our own associated accountants or your accountants to help understand your personal or business position. Whilst accountants aren’t normally IFA’s they should be constantly proactive in their approach, especially as you approach tax year-end and company year-end. The focus has to be on the security of the business but also to maximise your allowances to plan for tax and to maximise the use of the business structure for personal and company tax-saving liabilities
I own a business and I want to protect my business and my staff
At Callan Wealth Management, we prioritise safeguarding your business and ensuring its longevity. By taking the time to understand your business, we can develop a tailored plan that helps mitigate potential risks and protects your assets.
We invest time in comprehensively understanding your business and individual needs and we create a customised plan for you. We will work with you to identify potential threats to your business, such as economic downturns, changes in regulations, or unexpected events like cyber attacks. We’ll then help you develop a strategy to manage these risks, minimise potential losses, and maximise the security of your business.
In addition to risk management, we also offer services that can protect your business from unexpected events. For example, we can help you develop a succession plan to ensure a smooth transition in the event of a sudden departure or retirement. We can also help you secure key person insurance, which protects your business if a key employee becomes incapacitated or passes away.
By entrusting us to implement your strategy, you can rest easy knowing you’re doing everything possible to protect your business
What about my employees?
Callan Wealth Management understands the importance of protecting your employees and their financial well-being. By offering competitive employee benefits packages, you can attract and retain top talent while also providing your team with the protection and security they deserve.
In addition to financial protection, we can also help you organise other benefits, such as health insurance or life insurance, that can enhance your employees’ overall well-being and show your team that you value their contributions. By investing in your employees you can build a loyal and motivated team that is committed to your company’s success.
We can advise you on setting up pensions, life insurance and health insurance for you and your employees. We can also advise you on general financial planning with options for Investment Planning, Tax Planning and Estate Planning.
Can tax planning maximise my allowances?
Tax planning can help you minimise your UK tax liabilities and maximise your tax allowances. There are several key strategies you can use to achieve this goal. Callan Wealth Management can help ensure that you’re not paying too much tax on your earnings.
One strategy is to make use of tax-advantaged accounts, such as ISAs and pensions. By contributing to these accounts, you can reduce your taxable income and take advantage of tax-free growth and withdrawals. Additionally, you may be able to claim tax relief on your contributions, which can further reduce your tax liabilities.
Another strategy is to carefully plan your income and investments to minimise your tax liabilities. For example, you may be able to defer income until a future tax year, which can reduce your current tax liabilities. You may also be able to take advantage of tax-efficient investment strategies to minimise your tax liabilities while generating income and growth.
Overall, tax planning is a critical aspect of financial planning. By working with Callan Wealth Management, you can identify strategies that are tailored to your unique needs and goals, and ensure that you’re taking advantage of all available tax planning opportunities.
I want to pass on my assets to my children. What should I do?
Estate planning is a crucial aspect of financial planning, particularly for individuals with significant assets or complex family situations. It involves creating a comprehensive plan for passing on your assets to your loved ones in a tax-efficient and effective manner.
Callan Wealth Management are experts in setting up Trusts. Trusts and Estates Planning can be highly complex and needs to be handled by specialists. The primary goal of estate planning is to ensure that your assets are distributed according to your wishes after you pass away. This involves creating a will that outlines how you want your assets to be distributed, as well as appointing an executor to oversee the process.
In addition to creating a will, estate planning also involves a range of other strategies to minimise taxes and protect your assets. For example, it may involve setting up trusts to protect your assets from creditors or to provide for loved ones with special needs. It may also involve making use of gifting strategies to transfer assets to your loved ones during your lifetime, which can help minimise estate taxes and provide your loved ones with financial support when they need it most.
Contact us to find out how we can help protect your legacy and insure that your family are well provided for when you pass.
I'm nearing retirement and I want to sell my business how do I go about it?
If you’re nearing retirement and considering selling your business, there are several key steps you can take to ensure a successful sale. The first step is to get a professional valuation to determine a fair asking price and identify areas where you can improve the value of your business. You’ll also need to prepare your financial statements, identify potential buyers, negotiate the terms of the sale, and close the deal.
Selling a business can be a complex process, but working with experienced professionals can help ensure that you get the best possible price and enjoy a successful transition into retirement. By taking the time to prepare for the sale, working with a business broker or other professionals, and carefully negotiating the terms of the sale, you can maximise the value of your business and ensure a smooth transition.
Callan Wealth Management can help you identify the right people to work with and give you all the help and advice you need.
How can tax planning maximise my allowances?
Tax planning can help you minimise your UK tax liabilities and maximise your tax allowances. There are several key strategies you can use to achieve this goal. Callan Wealth Management can help ensure that you’re not paying too much tax on your earnings.
One strategy is to make use of tax-advantaged accounts, such as ISAs and pensions. By contributing to these accounts, you can reduce your taxable income and take advantage of tax-free growth and withdrawals. Additionally, you may be able to claim tax relief on your contributions, which can further reduce your tax liabilities.
Another strategy is to carefully plan your income and investments to minimise your tax liabilities. For example, you may be able to defer income until a future tax year, which can reduce your current tax liabilities. You may also be able to take advantage of tax-efficient investment strategies to minimise your tax liabilities while generating income and growth.
Overall, tax planning is a critical aspect of financial planning. By working with Callan Wealth Management, you can identify strategies that are tailored to your unique needs and goals, and ensure that you’re taking advantage of all available tax planning opportunities.
Be ready for the journey ahead...
We’ll help you every step of the way.